Galtman Michael D 4

What Happened

• Michael D. Galtman, Senior Vice President & Chief Accounting Officer of Chesapeake Utilities Corporation (CPK), was issued 2,866 shares as an award/acquisition on 2026-02-24. The reported per-share value is $135.05, for a total reported value of $387,053. This was an award/grant (transaction code A), not an open-market purchase or sale.

Key Details

• Transaction date: 2026-02-24; Price per share reported: $135.05; Total value: $387,053.
• Shares owned after the transaction: not provided in the information supplied.
• Notable footnotes:
  • F1: A portion of the issued shares will be withheld to cover tax withholding related to the issuance; the withholding amount has not yet been determined and will be reported in an amendment or subsequent Form 4.
  • F2: The reported totals include 14 shares acquired since the last filing via the company’s Dividend Reinvestment and Direct Stock Purchase Plan (DRIP).
  • F3: One additional share was purchased via reinvested dividends from a 401(k) plan since the last filing.
• Filing: Form was filed 2026-02-26 for a 2026-02-24 transaction (filed two days after the transaction), which appears to be within the typical 2-business-day reporting window.

Context

• This transaction is a compensation-related award (grant) rather than a market purchase; such awards reflect company compensation practices and are not direct indications of immediate insider buying or selling intent.
• Tax withholding (footnote F1) means the net shares the insider actually retains will be lower than the 2,866 reported until an amendment or later filing specifies the withheld amount.